First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Shares Up 0.8% – Should You Buy?

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) shares shot up 0.8% on Monday . The stock traded as high as $154.70 and last traded at $153.60. 38,172 shares changed hands during mid-day trading, an increase of 45% from the average session volume of 26,407 shares. The stock had previously closed at $152.32.

First Trust Technology AlphaDEX Fund Stock Performance

The company’s fifty day moving average price is $152.22 and its 200 day moving average price is $142.31. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 25.10 and a beta of 1.51.

Institutional Trading of First Trust Technology AlphaDEX Fund

Several large investors have recently added to or reduced their stakes in FXL. Financial Enhancement Group LLC acquired a new position in shares of First Trust Technology AlphaDEX Fund in the 3rd quarter valued at $6,103,000. Jane Street Group LLC increased its position in shares of First Trust Technology AlphaDEX Fund by 98.9% during the 3rd quarter. Jane Street Group LLC now owns 44,728 shares of the company’s stock worth $6,201,000 after purchasing an additional 22,245 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of First Trust Technology AlphaDEX Fund by 27.4% during the 2nd quarter. NewEdge Advisors LLC now owns 85,898 shares of the company’s stock worth $11,704,000 after purchasing an additional 18,452 shares in the last quarter. Schrum Private Wealth Management LLC increased its position in shares of First Trust Technology AlphaDEX Fund by 74.3% during the 3rd quarter. Schrum Private Wealth Management LLC now owns 41,044 shares of the company’s stock worth $5,691,000 after purchasing an additional 17,500 shares in the last quarter. Finally, Proactive Wealth Strategies LLC acquired a new stake in shares of First Trust Technology AlphaDEX Fund during the 3rd quarter worth about $2,349,000.

About First Trust Technology AlphaDEX Fund

First Trust Technology AlphaDEX Fund (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield of an equity index called the StrataQuant Technology Index (the Index). The Index is an enhanced index created and administered by the AMEX, which employs the AlphaDEX stock selection methodology to select stocks from the Russell 1000 Index.